Berkadia, Colliers Broker $43M Sale of Apartment Community in Birmingham

by John Nelson

BIRMINGHAM, ALA. — Berkadia and Colliers International have brokered the sale of Colony Woods, a 414-unit apartment community located at 2000 Colony Park Drive near The Summit Birmingham. The sales price was $43 million, according to Al.com. Built in two phases in 1990 and 1995, the property last sold in October 2009 for $24.8 million. The previous owner, Nashville-based C-H Core I LLC, upgraded more than half of the units with new appliances and lighting packages prior to the sale. David Oakley of Berkadia represented the buyer, Forum RE Acquisitions LLC, in the transaction. Will Mathews of Colliers International’s Atlanta office represented the seller.

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